Tuesday, 11 December 2012 12:59
Unpaid supplier says HRT in liquidation - The HRT Formula One Team is already in liquidation, an unpaid and angry supplier has claimed.
Formtech Composites, a carbon fibre manufacturer, said in a statement that the beleaguered Spanish team entered liquidation proceedings on November 12, well before the 2012 season ended.
The supplier said HRT F1 is now only willing to pay 30 percent of its debt.
And "It has come to our knowledge that (HRT) owe a substantial amount of money to other suppliers in the motor sports industry," Formtech added.
Formtech also accused HRT F1 of giving "misleading information" about its situation.